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Asia Pacific Journal of Management

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27.03.2018

How does an intra-family succession effect strategic change and performance in China’s family firms?

verfasst von: Jing Zhao, Michael Carney, Shubo Zhang, Limin Zhu

Erschienen in: Asia Pacific Journal of Management | Ausgabe 2/2020

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Abstract

Motivated by the sparse literature on succession dynamics in China and other transitional markets we consider the effects of initiating an intra-family leadership succession on firm strategic change and performance on a sample of publicly listed family firms from China. Grounded in upper echelons theory we find that the initiation of a succession process leads to significant strategic change. Based on generational differences between founders and successors we find the succession-strategic change relationship is positively moderated by a successor’s international education. We also consider the strategic change to performance relationship.

Vorheriger Artikel Family firms and internationalization in the Asia-Pacific: the need for multi-level perspectives

Nächster Artikel Technological capabilities and international expansion: the moderating role of family and non-family firms’ social capital

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To test our family firm ownership definition (i.e., 25% direct or indirect ownership rights) we reran the models with a more liberal 20% cut-off. By doing so we enlarged the panel but the results (available from the authors) remain unchanged.

Elite education is coded on a five-point scale based upon successors’ final university attended. EE = 1, means a successor attended a top 100 global university; EE = 2, means a successor attended a “211” or “985” university in China—these are the top Chinese universities as designated by China Education Department; EE = 3, means a successor attended a foreign university that is outside of the top QS 100 world rankings; EE = 4, means a successor attended a Chinese general university out of the list of “211” and “985” designated by the China Education Department; EE = 5, means a successor has not attended university.

Education level is coded on a three point scale. EL = 1, denotes a successor has some postgraduate education; EL = 2 some undergraduate education; EL = 3 means no university education has been attempted.

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Titel: How does an intra-family succession effect strategic change and performance in China’s family firms?
verfasst von: Jing Zhao
Michael Carney
Shubo Zhang
Limin Zhu
Publikationsdatum: 27.03.2018
Verlag: Springer US
Erschienen in: Asia Pacific Journal of Management / Ausgabe 2/2020
Print ISSN: 0217-4561
Elektronische ISSN: 1572-9958
DOI: https://doi.org/10.1007/s10490-018-9568-x

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